10 implications of the UK General Election result for non-doms
13 May 15
The Conservative Party’s surprise majority victory in the UK General Election will allow the new government to press ahead with its promise to make greater efforts to counter tax avoidance and evasion. Here are 10 points that highlight what this means for those claiming non-domicile tax status.
10. Domicile crackdown
There could also be a crackdown on British people who claim domicile of choice abroad, but who are not actually living abroad. The HSBC saga has brought this into the open.
Residency is an issue. The Statutory Residency Test came in a few years ago, so there are more prescriptive rules on whether you are resident or not.
Tags: Non Doms | Tax Avoidance
